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All You Need To Know Going Into Trade On May 10

Asian shares climbed with U.S. equity futures as the U.S. and China continued a pivotal round of trade negotiations.

Shares in Japan and South Korea rose, while futures indicated a rebound in China, with hours to go before Washington ratchets up tariffs. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.23 percent to 11,315 as of 7:05 a.m.

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Here’s a quick look at all that could influence equities today.

U.S. Markets Check

U.S. stocks capped a fourth day of losses, though finished off the lows of the day.

The yield on 10-year Treasuries added two basis points to 2.46 percent.

Indian Overseas Bank board approved capital plan for financial year 2020 to issue up to 300 crore equity shares and to raise tier II capital up to Rs 1,500 crore by issuing Basel III compliant bonds. It also kept its MCLR rate unchanged.

Mcleod Russel promoter Williamson Magor & Company created a pledge of 78.32 lakh shares (7.5 percent) in favour of IndusInd Bank on April 30.

Eveready Industries: Promoter Williamson Magor & Company created a pledge of 56.83 lakh (7.82 percent) in favour of IndusInd Bank on April 30

Edelweiss Financial Services announced Rs 300 crore public issue of NCDs by its arm ECL Finance.

NIIT Technologies: Company received approval of the Competition Commission of India and the anti-trust authorities in Germany and in United States of America for sale of promoter group holding to Hulst B.V.